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we have studied the theory of contract law. Chapter 13, however, demonstrates h


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we have studied the theory of contract law. Chapter 13, however, demonstrates how that theory operates in practice by discussing the structure and content of standard agreements.
Obtain a contract to which you, a family member, or close friend is a party. Consider credit card agreements, gym memberships, cell phone contracts, loans, employment, etc.
Answer the following questions:
1. Who are the parties to the contract (1 point)?
2. Did each party have capacity to enter into the contract and how so (1 point)?
3. What is each party obligated to do under the contract (consideration) (1 point)?
4. Is it a bilateral or unilateral contract (1 point)?
5. Is there a defined terms section in the contract? If so, then is it surprisingly long (1 point)?
6. Does the contract contain a non-compete clause? If so, then do you believe the clause would be upheld by a court and why (1 point)?
7. Are there choice of law and/or choice of forum provisions in the contract? If so, then what state(s) (1 point)?
8. Is there a clause in the contract regarding assignment of rights and/or delegation of duties (1 point)? If so, then is/are such permitted? Does the assigning party remain secondarily liable?
9. Is there an arbitration clause in the contract (1 point)? Did this surprise you?
10. Is there an integration clause in the contract (1 point)?
11. Is there a notices section in the contract (1 point)? If so, then what type, location, timing, etc. of notice is necessary?
12. Do you think there is anything missing from the contract (1 point)?


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